Stock Market & Financial Investment News

Justice Department nearing settlement over e-book collusion, Reuters saysThe Justice Department could reach a settlement in the next few weeks with Apple (AAPL) and some book publishers, possibly including CBS Corp's (CBS) Simon & Schuster, Pearson's (PSO) Penguin Group, and News Corp's (NWSA) HarperCollins, over allegations of colluding to push up electronic book prices, reported Reuters, citing sources close to the negotiations. The deal could force a shift, at least temporarily, in pricing control from publishers to retailers, with such a move to a "wholesale model" benefiting Amazon.com (AMZN), according to the story. Reference Link

Amazon says has greenlit five new Amazon Original SeriesAmazon announced it has greenlit five new Amazon Original Series, including The Man in the High Castle, which is based on the Philip K. Dick alternative history novel; an hour-long dark comedy Mad Dogs; docu-series The New Yorker Presents; along with kids shows Just Add Magic, and The Stinky & Dirty Show.